Md. Code Ann., Lab. & Empl. § 10-108
Disposition of assets of Fund
Effective Oct 1, 2013Added as Labor and Employment § 10-127 by Acts 2012, 1st Sp. Sess., c. 1, § 1, eff. June 1, 2012. Renumbered as Labor and Employment § 10-108 by Acts 2013, c. 43, § 5.State of Maryland
- (a) The State has no interest in the assets of the Fund.
- (b) All revenues, money, and assets of the Fund belong solely to the Fund and are held by the Fund in trust for the policyholders, injured workers and their families, and creditors of the Fund.
- (c) The State may not borrow, appropriate, or direct payments from the revenues, money, or assets of the Fund for any purpose.
- (d) The Fund may not be dissolved.
Added as Labor and Employment § 10-127 by Acts 2012, 1st Sp. Sess., c. 1, § 1, eff. June 1, 2012. Renumbered as Labor and Employment § 10-108 by Acts 2013, c. 43, § 5.